Fuel Price Hike in India: Petrol, diesel prices hiked after 137 days; LPG to cost Rs 50 more | India Business News - Times of India

Fuel Price Hike in India: Petrol, diesel prices hiked after 137 days; LPG to cost Rs 50 more | India Business News – Times of India

[ad_1]

NEW DELHI: After a freeze of 137 days, petrol and diesel prices on Tuesday were hiked by 80 paise a litre each while domestic cooking gas prices were increased by Rs 50 per cylinder.
This will be the first hike after the price remained unchanged since November 4, 2021.
The hike is a fallout of a spike in global oil prices, especially after Russia’s invasion of Ukraine. High global crude oil prices is a major concern for India as the country imports 85% of its oil demand.
Petrol in Delhi will now cost Rs 96.21 per litre as against Rs 95.41 previously while diesel rates have gone up from Rs 86.67 per litre to Rs 87.47.
A 14.2-kg non-subsidised LPG cylinder will now cost Rs 949.50 in the national capital.
While LPG rates were last revised on October 6, petrol and diesel prices had been on a freeze since November 4 ahead of the assembly elections in states like Uttar Pradesh and Punjab.
Prices have been on a freeze since then despite the cost of raw material spiralling. International oil prices were around $81-82 a barrel in early November as against $114 now.
Sources said a 5kg LPG cylinder will now cost Rs 349 while the 10kg composite bottle will come for Rs 669.
The 19-kg commercial cylinder now costs Rs 2003.50.



[ad_2]

Source link

Leave a Comment

Your email address will not be published.